The Prosperity Podcast

Summary: Welcome to this episode of the prosperity podcast! Join our host Todd Strobel and bestselling author Kim Butler as they talk about the importance of having for-profit entities competing in a non-profit space. Listen as they discuss some of the advantages of for-profit businesses, like sustainability and scalability. Also, feel free to check out some the products mentioned in the podcast - interesting ideas happening in the for-profit world that solve non-profit problems like this little vacuum that might help companies more efficiently separate their waste for recycling, and this fitness device, that helps people - including some high profile athletes stay fit. Ultimately, the important idea is not that non-profits don’t deserve support, but the importance of developing creative and functional ideas in the for-profit world that provide services that people desperately need and solve problems affecting people's everyday lives and our future. Thanks for tuning in, and keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 00:00 Intro 00:56 Non-Profits Make Non-sense 03:03 Examples of For-Profits Competing in Non Profit Space Hizero 06:11 The Problem of Non Profit Sustainability & Scalability 09:07 Providing a Service that Helps People HNB Connection 12:01 Make A Profit While Creating a Better World 12:29 Zappos & Principled Business 15:07 Sustainable Environments 16:48 Outro

Summary: Budgeting is almost ubiquitous financial advice - but is it effective? Join bestseller author Kim Butler and Todd Strobel as they discuss how budgets can be counter productive. Learn about the benefits of paying yourself first, or saving money, instead of trying to budget out your expenses. And keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:41 Budgeting: Stop it! 1:12 What's wrong with Budgeting?   3:29 What to do instead: Pay Yourself First 5:52 Paying off Debt Without Budgeting 6:54 The Benefits of an Opportunity Fund 8:37 Calculating Your Run Rate 9:40 The Importance of Confidence 11:52 Addressing Retirees About Budgeting and Income 13:49 Business that Solve Problems 15:10 Outro

Summary: Should you rebalance your portfolio? This episode of the prosperity podcast discusses this common piece of financial advice. Is rebalancing your portfolio basically selling assets that work to buy assets that aren’t working? Is it important to buy bonds in order to have a balanced portfolio? Tune in to figure out the answers to these questions and more. Also, please keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:39 Rebalancing Your Portfolio: What Does it Mean? 3:19 What Assets Should You Buy? 5:32 The Trouble With A Balanced Portfolio & Loosing Principle 7:01 Pros and Cons of Bonds 11:39 Income After Retirement: Why Bonds Aren't the Best Option 12:27 The Advisor Side of Rebalancing and Diversifying 13:50 Principle of Prosperity: Seeing the Big Picture 15:02 Our Goal 15:44 Resources: Feel free to email us with all your questions Check out our blog for free articles and more podcast episodes And finally, check out this truth concepts video about diversification (85 minute free educational video) 17:08 Outro

Summary: Welcome to a very special episode of the Prosperity Podcast! On this episode, instead of our usual co-host Kim Butler, we are interviewing her son, Robby Butler, a nineteen year old finance major, to get a feel for how the upcoming generation is thinking about finance, the role of government, non profits, and more. Keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support.   Show Notes: 0:00 Intro 0:43 The Next Generation of Finance 0:29  Introducing Our Guest, Robby Butler 2:58 How Does Our Current Education System Prepare the Next Generation to Handle Money? 4:16 Going to College & Automatic Debt 5:48 The Role of Government in Our Everyday Financial Lives: Are They Doing What They Should? 7:17 How Do You Feel About The Role of Nonprofit Versus For-Profits 10:45 What Does The Future Look Like For You? 13:20 What Would You Say to Parents About Finance? 14:33 Outro

Summary: Welcome to the 68th episode of the Prosperity Podcast! Join Kim Butler and Todd Strobel as they discuss the timely issue of habits, resolutions, and the dangers of following the crowd. Learn about the best places to save your money and the way that habits shape our lives. And, please! Keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:39 Habits, Resolutions, and Following the Crowd 1:57 The Dangers of Under Preparing 3:06 The Importance of Habits 7:02 Saving: Disciplining Yourself to Have a Positive Cash Flow 9:06 The Difference in Where You Save 12:26 Not Following the Crowd: Just Start Thinking 14:04 Outro

Summary: In this episode of the Prosperity Podcast, Todd Strobel and Kim Butler address a big issue for the upcoming generation and their parents: paying for a college education. So often today a college education is the expected and automatic next step after high school, and the costs can be very high. Join them as they discuss how to help your children succeed and how to help yourself to remain financially stable while supporting them. For more insight and ideas concerning education, specifically college education, we’d like to recommend The Education of Millionaires: Everything You Don't Learn in College About How to Be Successful, a book by Michael Ellsberg about where we learn some of the critical skills for success. (Hint: It’s not in college). Also, please keep sending us all the good questions and feedback. We’d love to answer your questions in one of our upcoming shows and we appreciate your support! Show Notes: 0:00 Intro 0:44 The Cost of An Education: Student Loan Debt and More 1:54 The Expectations of College 3:30 The Average Cost of Coll ege (Including Opportunity Cost) 6:49 Interesting Solutions to the Cost of College 7:44 The Time Opportunity Cost of College 10:47 How to Help Kids Who Are Searching The KOLBE Profile 11:43 How Much Should I Help My Child With College Tuition? 12:50 What About Prepaid College Funds? An Issue of Control 14:42 Look Forward to Audio Book of Live Your Life Insurance 15:19 Outro

Summary: Why are bridge loan investments profitable, and what documentation should you have before starting? What are the risks of bridge loan investments? Find out the answers to these questions and more as Kim Butler and Todd Strobel discuss bridge loan investments, both from the perspective of an investor and a realtor. Also, please keep sending us all the good questions and feedback. We’d love to answer your questions in one of our upcoming shows and we appreciate your support! Show Notes: 00:00 Intro 00:44 What Is A Bridge Loan Investment? 02:49 Why Do Bridge Loans Make Sense? 05:14 Three Different Sections of Documentation for Bridge Loans 06:11 1. Documentation Section 1: The Borrower loan application for each borrower resumes and background for the borrower entity validation list of projects the borrower has already completed written management/disposition strategy for project 07:09 2. Documentation Section 2: The Property an appraisal report title insurance a survey of the property sales contract hazard or builder's risk insurance 07:54 3. Documentation Section 3: The Construction full set of construction plans copies of building permits itemized cost breakdown of all construction phases full building/material specs structural engineering report construction contract contact information for everyone involved 09:26 Looking at Bridge Loans from the Perspective of a Realtor To find out what rate of return your property should be earning: visit truthconcepts.com for Todd Langford’ss calculator system w/ real estate calculator OR ask Kim for fillable pdf, email it back to her, and she will do the calculation for you (full disclosure Todd Langford is Kim Butler's husband) 12:15 Recommendations on Specific Bridge Loans and Investments 14:01 All Bridge Loan/Mezzanine Financing Are Not The Same 16:34 Outro

Summary: Join Kim and Todd on this episode of the Prosperity podcast as they discuss the importance of creating wills, trusts, and power of attorney and keeping them updated. Find out what the minimum age is to start worrying about these documents, and the minimum amount of money you should have to create a living trust. Also, for help creating and updating all these documents visit nnepa.com (national network of estate planning attorneys) to find an attorney in your area to help you with you paperwork, for one flat fee. Please keep sending us all the good questions and feedback at welcome@partners4prosperity.com! We appreciate your feedback and support! Show Notes: 0:00 Intro 0:37 Documentation: The Documents That You Sign 1:34 Looking At Wills, Trust, Healthcare, Power of Attorney: The Importance of Paying Attention 2:18 Getting Help to Update Your Documentation visit nnepa.com (national network of estate planning attorneys) finding an attorney in your area to get to create the necessary documents and keep them current 3:24 Making Changes to Your Documents While You Can 5:34 Is There A Minimum Age To Start Worrying About These Documents? 6:19 Keeping Life Insurance Policies Updated 6:48 At What Dollar Figure Should You Have a Living Trust? 7:45 The Consequences of Neglecting a Living Trust 9:32 How Often Should You Review Your Documents? 10:02 Sharing Financial Information at the Appropriate Time 11:21 Outro

Summary: On this episode of the Prosperity Podcast, we’re proud to welcome a new guest, Gina Wells, President of an Advanced Capital Group in Detroit. Gina Wells is an expert of financial planning and social security, so today we talked about new social security laws introduced in Congress’s Bipartisan Budget Act. Understanding social security and planning for your retirement is a huge part of anyone’s financial health, so make sure you don’t miss this episode of the Prosperity Podcast! Also, make sure to call Gina Wells at 801-579-5808 to take receive a free, 6 page social security report for just for you. 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! Show notes: 0:00 Intro 0:31 Introducing Gina Wells, President of Advanced Capital Group 2:01 Understanding New Social Security Laws 3:02 Finding Your Social Security Earnings Record: Visit www.socialsecurity.gov/myaccount to understand your estimated benefits 3:45 Important New Dates to Know with Social Security 5:25 What Is a File and Suspend Rule? 11:03 How to Find Your Free 6 Page Customized Social Security Report Come prepared with your most recent social security report that you can find here Call Gina Wells at 810-579-5808 Be prepared to talk longevity, assets, family circumstances etc. Receive your free, completely customized, 6 page social security report! 12:51 The New Social Security: No Guarantees - What Does That Mean For You? 15:39 Outro  

Summary: Join Bestselling author, Kim Butler and Todd Strobel as they discuss insurance dividends - what are they, where they come from, and what they can be used for. Figure out whether or not you can change your dividend policy, and what the most common strategy for dividends is. If you’re looking to learn about your insurance policy, ask for an “inforce” illustration or ledger from your insurance company. Then feel free to send it over to Kim and she’ll be happy to explain it to you, in plain english. She’ll tell you whether it’s universal life or whole life, the internal rate of return, strategies for how to save the policy if it’s starting to have problems, etc. As always, we appreciate your questions, concerns and comments! Send us an email at welcome@prosperitythinkers.com. Show Notes: 00:00 Intro 0:56 Dividend Election: What They Are, Where They Come From 03:03 Do All Insurance Companies Pay Dividends? 04:33 What Else Can You Do With Your Dividends? 05:42 Can You Change Your Dividend Policy? 06:22 Using the Dividend to Buy Term Riders 07:26 A Strategy for Modified Endowment Contracts and Dividends 08:43 Which of These Strategies Are Used Most? 08:55 Repaying Your Loans Using Your Dividends 10:58 How can I learn about my insurance policy?   call your insurance company ask for an "inforce" insurance illustration or ledger email it to kim she’ll be more than happy to explain and discuss it with you! 12:31 Outro